Astec Industries (NASDAQ:ASTE) Stock Crosses Above 200 Day Moving Average - What's Next?

Astec Industries, Inc. (NASDAQ:ASTE - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $35.81 and traded as high as $39.25. Astec Industries shares last traded at $39.23, with a volume of 111,977 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird upped their price target on shares of Astec Industries from $40.00 to $41.00 and gave the company a "neutral" rating in a research note on Thursday, February 27th. Wall Street Zen raised shares of Astec Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, May 9th.

Astec Industries Stock Up 2.1%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.66. The stock has a market cap of $916.40 million, a P/E ratio of 60.71 and a beta of 1.40. The stock's fifty day simple moving average is $38.88 and its 200-day simple moving average is $35.84.

Astec Industries (NASDAQ:ASTE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.42. The firm had revenue of $329.40 million during the quarter, compared to the consensus estimate of $320.40 million. Astec Industries had a net margin of 1.15% and a return on equity of 10.72%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS.

Astec Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, May 13th. Astec Industries's dividend payout ratio (DPR) is presently 78.79%.

Institutional Trading of Astec Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its holdings in shares of Astec Industries by 802.5% during the 4th quarter. Sterling Capital Management LLC now owns 731 shares of the industrial products company's stock worth $25,000 after acquiring an additional 650 shares during the period. Wealth Preservation Advisors LLC bought a new stake in shares of Astec Industries during the 1st quarter worth approximately $36,000. Byrne Asset Management LLC lifted its holdings in shares of Astec Industries by 66.4% during the 1st quarter. Byrne Asset Management LLC now owns 1,165 shares of the industrial products company's stock worth $40,000 after acquiring an additional 465 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Astec Industries during the 4th quarter worth approximately $86,000. Finally, CWM LLC lifted its holdings in shares of Astec Industries by 264.6% during the 1st quarter. CWM LLC now owns 2,483 shares of the industrial products company's stock worth $86,000 after acquiring an additional 1,802 shares during the period. Institutional investors own 93.16% of the company's stock.

Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures, and markets equipment and components used primarily in road building and related construction activities worldwide. The company operates in two segments, Infrastructure Solutions and Materials Solutions. The Infrastructure Solutions segment offers asphalt plants and related components, heaters, concrete dust control systems, asphalt pavers, vaporizers, concrete material handling systems, screeds, heat recovery units, paste back-fill plants, asphalt storage tanks, hot oil heaters, bagging plants, fuel storage tanks, industrial and asphalt burners and systems, custom batch plants, material transfer vehicles, soil stabilizing-reclaiming machinery, blower trucks and trailers, milling machines, soil remediation plants, wood chippers and grinders, pump trailers, concrete batch plants, control systems, liquid terminals, storage equipment and related parts, construction and retrofits, polymer plants, and concrete mixers, as well as engineering and environmental permitting services.